PRA Group, Inc. and StepChange, the UK's largest debt advice charity, partnered to highlight issues impacting people in debt in the United Kingdom. A roundtable debate was hosted in the House of Lords on February 4, 2025, chaired by Credit Services Association CEO Chris Leslie.
The discussion focused on financial inclusion and building the resilience of UK households, specifically addressing how changes to credit scoring could reduce barriers for consumers seeking help and improve access to affordable financing. This initiative aligns with findings from the Financial Conduct Authority's (FCA) Credit Information Market Study.
Martin Sjölund, President of PRA Group Europe, stated the company is working with StepChange and the UK financial community to support customers concerned about their credit scores. The partners gathered to advance the FCA's recommendations with practical credit reporting solutions, aiming to support greater financial inclusion.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.